Calculating the Cash Budget 2015 [L03] Here are some important figures from the budget of Nashville Nougats, Inc, for the second quarter April June Crodit sales Credit purchases Cash disbursements 374,400 $349,500 $420,500 109,300 148,900 200,300 Wages, taxes, and expenses Interest 54,340 12,580 86,800 70,300 12,580 135,000 75,170 12,580 Equipment purchases The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale and the remaining 60 percent will be collected in the following month Credit purchases will be paid in the month following the purchase. In March 2015, credit sales were $235,000 and credit purchases were $161,300. Using this information, complete the following cash budget April $135,000 June Beginning cash balance Cash receipts Cash colections from credit sales Total cash available Cash disbursements Purchase5 Wages, taxes, and expenses Interest Equipmont purchases Total cash disbursements Ending cash balance